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> Do you think the world could benefit from money that can't be manipulated by governments? Not really, no. What you call manipulation is really necessary main
by alangibson 4y ago
> Do you think the world could benefit from money that can't be manipulated by governments?
Not really, no. What you call manipulation is really necessary maintenance and management meant to avoid the hypervolatility we see in crypto.
How many real world experiments do we need to run before people accept that markets, especially for money, aren't self regulating.
- fsflover 4y ago> What you call manipulation is really necessary maintenance and management meant to avoid the hypervolatility we see in crypto. It depends on the government...
- md2020 4y agoHow many real world experiments do we need to run before people accept that governments aren’t self-regulating? Why do laws matter when the government can get around them and change them whenever it wants? Eliminating alternative means of exchange is just cementing the opportunity for governments to implement their own digital currencies, and if you don’t think they’ll abuse the power that gives them, you need to read more history.
- datadata 4y agoIf governments are successful in manipulating money to avoid volatility, why are these still scores of hyperinflation failed currencies, financial crises due to too much debt, and so on? Why is these not a clear law of economics that can lead to stability and no recessions?
- pyinstallwoes 4y agoBecause politicians and lobbies get away with leveraging laws to create moats and red tape. Economic policy is just a charade. Less interference would be ideal, but a government is still a necessary evil. It’s just too large in most cases.